FOR IMMEDIATE RELEASE
Media Contact: press@padems.com
August 16, 2023
ONE YEAR LATER: Inflation Reduction Act Delivering for Pennsylvania
Today, Pennsylvania Democratic Party Chair Senator Sharif Street released the following statement on the anniversary of the Inflation Reduction Act becoming law:
“One year ago, President Biden and Democrats beat Big Pharma and ultra-wealthy special interests to pass the Inflation Reduction Act — despite every single Republican in Pennsylvania voting against it.
“The legislation is doing exactly what it promised: lowering health care and prescription drug costs for families, bringing new jobs to our communities, and spurring crucial investments in clean energy that will continue to deliver for future generations of Pennsylvanians. The progress we’ve made is all at stake in 2024 as MAGA Republicans pledge to roll back the historic legislation and increase costs on middle-class families. That’s why it’s so important that we send President Biden and Vice President Harris back to the White House next year to finish the job and elect Democrats up and down the ballot who will protect and build on the progress we’ve made.”
Press Conference Speakers
- Teresa Lundy, Chair of Communications, Pennsylvania Democratic Party
- State Representative Malcolm Kenyatta, PA House of Representatives, District 181
- Councilman Jim Harrity, Philadelphia City Councilman At-Large
- TJ Lepera, Political Director for IBEW Local 98
- Alan Butkovitz, Former Philadelphia City Controller
Watch the Press Conference here: https://youtu.be/v6U8IrpG3dM
Here’s how the Inflation Reduction Act is delivering for Pennsylvanians:
● 2.8M seniors and other Medicare beneficiaries in Pennsylvania will save money on prescription drug costs because of President Biden’s caps on out-of-pocket prescription drug and insulin costs, free vaccines, inflation rebates, and drug price negotiation program.
● In 2021, there were already 92,773 Pennsylvania workers employed in clean energy jobs. The Inflation Reduction Act is expanding those job opportunities, bringing an estimated $270M of investment in large-scale clean power generation and storage to Pennsylvania between now and 2030.
● Hardworking Pennsylvania families will receive $259.2M in home energy rebates to help cut their energy costs by weatherizing their homes and replacing old appliances with more efficient models.
● Manufacturers employ 542,600 workers in Pennsylvania, and the Inflation Reduction Act will help us make the technologies of the future at home supporting local economies and strengthening supply chains.
● Pennsylvania is home to 1.1M small businesses, representing 99.6% of all businesses in the state, and the Inflation Reduction Act will help them save money through tax credits to support energy efficiency improvements that deliver lower utility bills.
● The Inflation Reduction Act will make it easier and cheaper for Pennsylvanians to purchase an electric vehicle, with upfront discounts for new and used EVs, helping middle-class Americans skip the gas pump and save on fuel costs.
● The Inflation Reduction Act will significantly reduce pollution, helping Pennsylvania not only avoid costly climate impacts from more extreme weather but also improve local air quality.
● The Inflation Reduction Act supports climate-smart agriculture practices, which will help Pennsylvania’s 52,700 farms lead on climate solutions and reward their stewardship.
● The Inflation Reduction Act will upgrade affordable housing, helping thousands of Pennsylvanians boost resilience in the face of intensifying extreme weather.
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